WCG Wealth Advisors LLC Has $5.11 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

WCG Wealth Advisors LLC raised its holdings in ONEOK, Inc. (NYSE:OKE) by 109.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 62,698 shares of the utilities provider’s stock after acquiring an additional 32,809 shares during the quarter. WCG Wealth Advisors LLC’s holdings in ONEOK were worth $5,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hilltop Holdings Inc. raised its position in shares of ONEOK by 7.3% during the fourth quarter. Hilltop Holdings Inc. now owns 16,525 shares of the utilities provider’s stock worth $1,160,000 after acquiring an additional 1,124 shares during the last quarter. TD Asset Management Inc lifted its position in shares of ONEOK by 11.6% in the 4th quarter. TD Asset Management Inc now owns 208,063 shares of the utilities provider’s stock worth $14,610,000 after purchasing an additional 21,657 shares during the period. Norden Group LLC boosted its stake in shares of ONEOK by 4,460.2% in the 1st quarter. Norden Group LLC now owns 134,388 shares of the utilities provider’s stock valued at $10,773,000 after purchasing an additional 131,441 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of ONEOK by 2,643.5% in the 4th quarter. Wellington Management Group LLP now owns 1,170,739 shares of the utilities provider’s stock valued at $82,209,000 after purchasing an additional 1,128,066 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of ONEOK by 8.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 121,195 shares of the utilities provider’s stock worth $8,510,000 after buying an additional 9,722 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Pattye L. Moore sold 3,379 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

ONEOK Stock Down 0.8 %

ONEOK stock opened at $93.90 on Thursday. The firm has a 50 day moving average price of $86.83 and a 200-day moving average price of $82.22. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.22. ONEOK, Inc. has a twelve month low of $60.58 and a twelve month high of $95.26. The company has a market capitalization of $54.84 billion, a P/E ratio of 21.84, a P/E/G ratio of 4.49 and a beta of 1.67.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.52 billion. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. During the same period in the previous year, the company posted $1.04 earnings per share. As a group, equities analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.96 annualized dividend and a dividend yield of 4.22%. ONEOK’s payout ratio is 92.09%.

Wall Street Analyst Weigh In

OKE has been the topic of a number of research analyst reports. Tudor Pickering raised shares of ONEOK to a “hold” rating in a research report on Thursday, July 18th. Morgan Stanley raised ONEOK from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $103.00 to $111.00 in a research note on Monday. Truist Financial upped their price objective on shares of ONEOK from $81.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Wells Fargo & Company increased their target price on ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of ONEOK from $89.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.38.

About ONEOK

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.